Publications
Publications in refereed journals
Foreign Banks and Trade
Joint with Stijn ClaessensJournal of Financial Intermediation, 45, 1-21, 2021
The Invisible Hand of the Government: Moral Suasion During the Sovereign Debt Crisis
Joint with Steven Ongena and Alexander PopovAmerican Economic Journal – Macroeconomics, 11(4), 346-379, 2019
Paper featured in AEA Journals Research Highlight
When Arm’s Length is too Far. Relationship Lending over the Credit Cycle
Joint with Thorsten Beck, Hans Degryse and Ralph De HaasJournal of Financial Economics, 127(1), 174-196, 2018
International Banking and Cross-Border Effects of Regulation: Lessons from the Netherlands
Joint with Jon Frost and Jakob de HaanInternational Journal of Central Banking, 13(1), 293-313, 2017
Exporting Sovereign Stress: Evidence from Syndicated Bank Lending during the Euro Area Sovereign Debt Crisis
Joint with Alexander PopovReview of Finance, 9(5), 1825-1866, 2015
Winner of the 2016 Pagano and Zechner Prize for the best non-investment paper in the Review of Finance.
The Impact of the Global Financial Crisis on Banking Globalization
Joint with Stijn Claessens
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IMF Economic Review, 63(4), 868-918, 2015
Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks
Joint with Steven Ongena and Jose Luis Peydro
IMF Economic Review, 63(4), 698-750, 2015
Foreign Banks: Trends and Impact
Joint with Stijn Claessens
Journal of Money, Credit and Banking, 46(1), 295-326, 2014
Winner of the 2017 Emerald Citations of Excellence award
Location Decisions of Foreign Banks and Competitor Remoteness
Joint with Stijn Claessens
Journal of Money, Credit and Banking, 46(1), 145-170, 2014
Running for the Exit? International Bank Lending during a Financial Crisis
Joint with Ralph de Haas
Review of Financial Studies, 26(1), 244-285, 2013
paper featured in the Wall Street Journal, January 6 2019
Impact of Foreign Banks
Joint with Stijn Claessens
Journal of Financial Perspectives, 1(1), 1-18, 2013
International Shock Transmission after the Lehman Brothers Collapse: Evidence from Syndicated Lending
Joint with Ralph de Haas
American Economic Review, Papers and Proceedings, 102(3), 231-237, 2012
Being a Foreigner among Domestic Banks: Asset or Liability?
Joint with Stijn Claessens
Journal of Banking and Finance, 36, 1276-1290, 2012
International Financial Integration through the Law of One Price: The Role of Liquidity and Capital Controls
Joint with Eduardo Levy Yeyati and Sergio Schmukler
Journal of Financial Intermediation, 18(3), 432-463, 2009
Emerging Market Liquidity and Crises
Joint with Eduardo Levy Yeyati and Sergio SchmuklerJournal of the European Economic Association, 6(2-3), 668-682, 2008
Foreign Banking in Developing Countries; Origin Matters
Emerging Markets Review, 8(2), 81-105, 2007
Emerging Markets Review Paper featured in The Economist, September 9 th 2006, pp. 71
Foreign Exchange Market Contagion in the Asian Crisis: A Regression-based Approach
Joint with Henk Jager and Franc Klaassen
Review of World Economics, 142(2), 2-26, 2006
The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine Crisis
Joint with Eduardo Levy Yeyati and Sergio Schmukler